FIRST BAPTIST CHURCH FOUNDATION (EIN 264092317) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

TIM COBAUGH

Phone

4124451916

Tax Period

2024-06-01 to 2025-05-31

FIRST BAPTIST CHURCH FOUNDATION, founded in 2009, is a micro nonprofit in the Religion sector that reported $91K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $388K exceeded revenue, resulting in a 326% operating deficit.

Mission

TO SUPPORT THE WORK AND MISSIONS OF THE FIRST BAPTIST CHURCH OF CHARLESTON.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $91,149

Other Revenue $0

TOTAL REVENUE $91,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $388,276

Other Expenses $388,276

TOTAL EXPENSES $388,276

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,149	$2,790,410	-1.0%
Expenses	$388,276	$1,400,610	-0.7%
Net Income	$-297,127	$1,389,800	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ROY WILEY	TRUSTEE	Director	$0	$0	$0
ED RODELSPERGER	TRUSTEE	Director	$0	$0	$0
THEO LU	TRUSTEE	Director	$0	$0	$0
TIM COBAUGH	PRESIDENT	Officer	$0	$0	$0
REID SANDERS	TREASURER	Officer	$0	$0	$0
MERVYN GIBSON	SECRETARY	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$91,149	$388,276	$5,022,470	$-297,127
2020	$743,678	$2,014,459	$17,785,302	$-1,270,781
2019	$2,466,046	$2,287,305	$19,062,373	$178,741
2018	$1,126,072	$288,513	$19,175,332	$837,559
2017	$575,930	$273,123	$17,987,404	$302,807

FIRST BAPTIST CHURCH FOUNDATION